Banks earned $90.3 billion from just buying a bond/security from the Fed and selling it back at a higher price, literally the next day. It's called a reverse-repo. Banks “earned” $90.3 billion that way in 2021. Talk about being anti-work! https://fred.stlouisfed.org/series/RRPONTTLD https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements
Damn now Im the boss
Long story short, a few weeks ago I hated my job, loved my coworkers. Not enough pay, I start looking, fix up my resume real nice list all my valuable exoerience and so forth. Bam I get a hit cool, its the same company as a family member, I know she does well. I interview over the phone. Went good. In person even better(I can sell myself well) Congrats hired. Now Im the boss, money is much better than anything I have made in the past. I have a union crew that have it good, great benefits good pay, I am happy they have such a good deal. Problem is I have always been for the worker (still am) not sure if my attitude will go over with the corporate wigs. But Fuck it I dont care, I will stand by my crew and they will stand behind me(as opposed…
“Nobody wants to work…”
I’ve heard multiple employers of mine say this common phrase when trying to hire and coming up unsuccessful while we’re understaffed at whatever menial labor I’m working at the time. I can’t help but laugh and think, “No truer statement has ever been said.” “Nobody wants to work” is a phrase used negatively by people who value work and think it’s meaningful. They use this phrase negatively toward people who don’t value work and would prefer to find a loophole in the system that will allow them to not work but still be given money to exist in a world in which they did not choose to exist in the first place. Yes, nobody wants to work. Why would anybody want to work? Humans work because they’re forced to since they need to survive, and money is required to access the things needed to survive, and the only way to…
“This is not a 9-5 type job”
Do the math. Before taxes, that’s $294 per week. After taxes it’s… what? Like $191.10…? Let’s round up to $200 a week. That means a max $867 take home a month and $10,400 a year. FULL TIME. How can anyone look at these wages and not be outraged?